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Technical Analysis Fallacy

  • #22,841
  • Feb 8, 2011 2:08am Feb 8, 2011 2:08am
Quoting indianguyinny24
hows everyone here............

had a great weekend.....learnt a new Breathing exercise which kinda nourishes your body saw some real effect for last 3 weeks...even if i sleep 4 hours i dont need coffee if i can do that exercise.........


V
indianguy,
that sounds fascinating, can you tell me a little more about the meditation technique that you learned? Does it also involve sleeping in short periodic stretches?
  • #22,842
  • Edited 2:31am Feb 8, 2011 2:18am | Edited 2:31am
Quoting Gro
Hi lovecraft

Sorry about the late reply.Welcome to the thread.
If there exist Earth and Sun, it is probably that there will be the Rising Sun ... similar to my position I love physical laws reflected in the water.

PS my position is EXACT always

Rgs
hey, gro,
nice to be here. Sorry if you have elaborated before how you apply physical laws to the market. There's a huge chunk of this thread which I've not read after the first 250 and about 500 pages ago.
  • #22,843
  • Feb 8, 2011 4:40am Feb 8, 2011 4:40am
Quoting lovecraft
Hi, maheswara,

I think inefficiency is in the eye of the beholder....
very nice poker analogy, thank you. I share similar views about poker and markets.
  • #22,844
  • Feb 8, 2011 5:23am Feb 8, 2011 5:23am
Quoting fullperson
Hey, just a realization. If you guys follow the 3k, it seems that when "manipulation" happens, its behavior while being "manipulated" seems to indicate institutional interest. Seeing the movements under the 1min tf is even more telling.

Has anyone else experienced this?

EDIT: I also noticed that after the manipulation, if the 3k aligns well then the pair is likely to have found a direction. A perfect alignment usually looks a lot like the GU is a magnified picture of the E/U. If the manipulation tears the crosses and the difference is...
Hello William. Important is to recognize what is important and what not. There is some manipulation, but what i have from it? Can it be called manipulation? Or "normal conditions"?
Correlation between pairs are not manipulation basically. Try to read the market, not be a judge. Regards
  • #22,845
  • Feb 8, 2011 5:41am Feb 8, 2011 5:41am
@Mamood,
thanks for sharing Beat_the_forex_Dealer book. i love the title. read it 3x already cover to cover to make sure that i did not miss anything. it was quite easy to absorb all the information due to, no doubt, fti's teachings.
thx again, rgds/kevin

@world, good trading to y'all.
  • #22,846
  • Feb 8, 2011 6:53am Feb 8, 2011 6:53am
Where is Mamood or Gro today?
  • #22,847
  • Feb 8, 2011 7:22am Feb 8, 2011 7:22am
Shorted the wrong pair again. Every time I dip my toe in the Euro pond, cable makes a move. Guess it's better to stick with what you know.

EDIT: And looking at the chart I had no reason to go short....still never mind
  • #22,848
  • Feb 8, 2011 7:22am Feb 8, 2011 7:22am
Quoting k.k
Where is Mamood or Gro today?

Hi k.k.,

here I am.
But today is not a fulltime trading day for me.
Family business instead :-)
Why are you asking?

Niels
  • #22,849
  • Feb 8, 2011 7:32am Feb 8, 2011 7:32am
Quoting ukmanthailan
Shorted the wrong pair again. Every time I dip my toe in the Euro pond, cable makes a move. Guess it's better to stick with what you know.

EDIT: And looking at the chart I had no reason to go short....still never mind
same things happen to me whenever i dip my toes in cable.ur right one should stick with what one knows.for me its euro
Allah has permitted trade and has forbidden interest [koran]
  • #22,850
  • Feb 8, 2011 7:33am Feb 8, 2011 7:33am
Quoting MaMood
Hi k.k.,

here I am.
But today is not a fulltime trading day for me.
Family business instead :-)
Why are you asking?

Niels
Hi Mamood, Thank you for your reply. I just want to know what do you think about today market ? hope you have good time with your family.
  • #22,851
  • Feb 8, 2011 7:42am Feb 8, 2011 7:42am
Quoting drzakir123
same things happen to me whenever i dip my toes in cable.ur right one should stick with what one knows.for me its euro
Yeah I never meant to specialise in cable but after watching a pair for 2 or 3 years you get a feel for it and my biggest recent screw ups have been when I jumped into a Euro position because I thought the chart looked pretty.

EDIT: Now I'm out of the position Euro will probably sink like a stone
  • #22,852
  • Feb 8, 2011 7:46am Feb 8, 2011 7:46am
Is is correct to say that currently GBP is the leading currency and the move is real?
  • #22,853
  • Feb 8, 2011 7:48am Feb 8, 2011 7:48am
Quoting k.k
Hi Mamood, Thank you for your reply. I just want to know what do you think about today market ? hope you have good time with your family.

Hi again,

unfortunately I was not following the market for the past 4 hours.
So i have no idea.

Sorry!

  • #22,854
  • Feb 8, 2011 7:49am Feb 8, 2011 7:49am
Quoting ukmanthailan
Shorted the wrong pair again. Every time I dip my toe in the Euro pond, cable makes a move. Guess it's better to stick with what you know.

EDIT: And looking at the chart I had no reason to go short....still never mind
I don't think your euro short was such a bad idea, but maybe timing was the issue. I shorted the cable at 6071, and am thinking of a euro position now. Hang in there and see what happens. I will cut my cable position at 6099 for a small loss now that it is moving south. BTW, only 1/2 positions until things start playing out more. fwiw. As I write this the euro is really trying to break south through 3630.
  • #22,855
  • Feb 8, 2011 7:52am Feb 8, 2011 7:52am
Thanks GEfx. I jumped out, flipped, took 8 pips the other way and have been sitting on the sidelines since though. I think you are right though. Bad timing.
  • #22,856
  • Feb 8, 2011 7:59am Feb 8, 2011 7:59am
Quoting ukmanthailan
Thanks GEfx. I jumped out, flipped, took 8 pips the other way and have been sitting on the sidelines since though. I think you are right though. Bad timing.
Yea, its a tough day to find a reliable trend. I am protecting the entry price on the cable trade, and short the euro at 3624 with a 1/2 position. Will kill this at 3655, but will rethink that with an o/c of 3635.
Edit: I am on a 10M chart and see a spike on the last candle, so i want that spike filled soon.
  • #22,857
  • Feb 8, 2011 8:04am Feb 8, 2011 8:04am
Pardon my ignorance,
I'm trying to make sense out of the 3 kingdom teachings for the past few days after Niel's sharing. I don't know if i interpreted correctly, but lets say GBP/USD is out of sync and upon checking of the consistency in GBP crosses, we can deduce that the movement is real and not manipulated.
  • #22,858
  • Feb 8, 2011 8:17am Feb 8, 2011 8:17am
Quoting Rand Yap
Pardon my ignorance,
I'm trying to make sense out of the 3 kingdom teachings for the past few days after Niel's sharing. I don't know if i interpreted correctly, but lets say GBP/USD is out of sync and upon checking of the consistency in GBP crosses, we can deduce that the movement is real and not manipulated.
Hello Rand Yap. Just my 2cts.. What ever the manipulation or what is it is... you should be able to react to it very quickly. These actions(rescue) are so fast(of course depending on timeframe), that imho is not possible to solve "what and who" manipulates... Regards
  • #22,859
  • Feb 8, 2011 8:37am Feb 8, 2011 8:37am
Thanks for the tips Fana
your reply reminded me of fti's teachings.

" Normally by the time I am privy to why(if I ever be), its probably all over.
For me I never seek to know why a table is called a table.
A rose by any other name is still a rose, as far as I am concerned."


Quoting Fana
Hello Rand Yap. Just my 2cts.. What ever the manipulation or what is it is... you should be able to react to it very quickly. These actions(rescue) are so fast(of course depending on timeframe), that imho is not possible to solve "what and who" manipulates... Regards
  • #22,860
  • Edited 9:05am Feb 8, 2011 8:41am | Edited 9:05am
Quoting GEfx
Yea, its a tough day to find a reliable trend. I am protecting the entry price on the cable trade, and short the euro at 3624 with a 1/2 position. Will kill this at 3655, but will rethink that with an o/c of 3635.
Edit: I am on a 10M chart and see a spike on the last candle, so i want that spike filled soon.
OK, cable is trying to move farther south, and euro is now at critical area around 3620'ish. We'll see.

Edit: Am flat on the euro position, but still holding the cable position.
Edit2: Actually, am square on the euro at 3628, little loss.
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